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In this issue

February 20, 2025

Car firms see sales growth crawling at 1-2% in FY26

2-wheeler sales may rise 8-10%

3 mins

AI Can Be a Game-Changer in Quality and Personalization of Learning

Online learning is here to stay. And artificial intelligence (AI) will take it to the next level by expanding the opportunities and bringing quality learning experience to people who have historically not been able to afford it, said MOHAN LAKHAMRAJU, founder and chief executive officer (CEO) of Great Learning—the professional learning and upskilling company. In a video interview with Peerzada Abrar, Lakhamraju said that with the recent launch of AI Mentor and AI Teacher by the company, access to high-quality learning can be democratized. Edited excerpts:

AI Can Be a Game-Changer in Quality and Personalization of Learning

3 mins

Hilton to Launch 75 Hampton Hotels in India

Hotels will debut across Gujarat, Rajasthan, Punjab and Bihar

Hilton to Launch 75 Hampton Hotels in India

2 mins

Black Box bullish on India's GCC, data centre boom

With the demand for data centres going up across the world, Black Box, a digital infrastructure firm, is expecting revenue growth at ₹7,000 crore in FY26, driven by a stronger win rate from large enterprises and high-value opportunities.

Black Box bullish on India's GCC, data centre boom

1 min

LTTS targets $3 bn revenue in near term, to add 2K freshers

Aim is to scale each of its key divisions to $1 billion, says CEO & MD

2 mins

Let creator decide app; AI tools will ultimately give creative freedom

Brahma, an artificial intelligence (AI) firm, was created in 2024 by London-based visual effects major DNEG with $200 million raised from UAE's United AI Saqer Group. On Tuesday, Brahma announced the acquisition of another London-based AI firm, Metaphysic. The United AI Saqer Group will invest another $25 million in Brahma. DNEG, a winner of seven academy awards (Dune, Inception etc.), is a subsidiary of Mumbai-based Prime Focus. It posted a revenue of ₹3,951 crore during the financial year ending March 2024. Vanita Kohli-Khandekar spoke to NAMIT MALHOTRA, founder of Prime Focus and CEO, DNEG, in a video interview. Edited excerpts:

Let creator decide app; AI tools will ultimately give creative freedom

2 mins

Phoenix Kothari invests ₹5K cr in TN footwear sector

In a sign of Tamil Nadu competing with global footwear clusters like Dongguan in China and Campos Bom in Brazil, Phoenix Kothari Footwear Ltd on Wednesday announced a fresh investment of ₹5,000 crore in footwear hubs in multiple locations in the state that may create more than 53,000 jobs by 2027.

1 min

Bain & Company and Nasscom Report: Need Sustained Growth of 8-10% to Become High-Income Country

For India to transform into a high-income country with a projected gross domestic product (GDP) of $23-35 trillion, will need a sustained annual growth of 8 per cent to 10 per cent.

1 min

Net FDI Slumps to $1.2 Bn in Apr-Dec 2024

Net foreign direct investment (FDI) in India — inflows minus outflows — declined to $1.18 billion during April-December 2024 from $7.84 billion in the same period in 2023 due to a rise in repatriation and overseas investments by Indian firms.

1 min

Outward remittances fall 10% in 9MFY25

Outward remittances under RBI's Liberalised Remittance Scheme (LRS) dropped 10.15 per cent year-on-year (Y-o-Y) to $22.82 billion in the April-December period of 2024-25 (FY25), dragged down by declines across major segments.

1 min

Will Ensure New I-T Bill Provisions Are Rationalised Further: ICAI Prez

Tax audit is the forte of chartered accountants, Institute of Chartered Accountants of India (ICAI) President Charanjiv Singh Nanda said, amid demands by cost accountants and company secretaries to be included in the definition of accountants in the Income Tax Bill.

1 min

Incentives lined up for underground coal mine auctions

The coal ministry is planning additional incentives to boost underground commercial coal block auctions.

1 min

Economy on recovery path in H2, rate cut to boost demand

The Indian economy is on a recovery path in the second half of the current financial year (H2FY25), with increasing probability that the reduction in policy repo rate during the February monetary policy review will boost domestic demand, the Reserve Bank of India's (RBI's) monthly State of the Economy report said.

Economy on recovery path in H2, rate cut to boost demand

2 mins

Affordability among biggest concerns in PV segment

This momentum is set to be driven by strong rural demand, the income-tax (I-T) relief proposed in the FY26 Budget, seasonal uptick, increased replacement demand, and the PM E-drive scheme, the industry body noted.

3 mins

Yamuna Pollution: A Multi-State Crisis

The Yamuna, the river that sustains millions in northern India, is grappling with a pollution crisis that extends well beyond Delhi.

1 min

India, Malaysia boost defence ties with Su-30 cooperation

India and Malaysia on Wednesday moved forward towards enhancing cooperation in exchanging expertise and best practices for maintaining their respective Sukhoi-30 (Su-30) combat aircraft fleets, while also enhancing cooperation in the defence industry, maritime security, multilateral engagements, and other key emerging areas during Defence Secretary Rajesh Kumar Singh's visit to Kuala Lumpur.

India, Malaysia boost defence ties with Su-30 cooperation

1 min

AU Small Finance eyes a bigger share of wealth biz pie

AU Small Finance Bank (SFB) is expanding its wealth management business, aiming to compete with larger players in the space to capture a bigger share of the market.

AU Small Finance eyes a bigger share of wealth biz pie

2 mins

SBI ex-chief Khara leads panel on insurance law amendments

Seven-member committee formed by Irdai to implement proposed tweaks

SBI ex-chief Khara leads panel on insurance law amendments

2 mins

Overfinancialisation, Protectionism May Hurt Economy: Kotak

Overfinancialisation can hurt the Indian economy as investors move their savings into equities without understanding valuations, according to Uday Kotak, founder and director, Kotak Mahindra Bank.

2 mins

BJP Names First-Time MLA Rekha Gupta Delhi CM

To be only woman CM in states ruled by NDA

BJP Names First-Time MLA Rekha Gupta Delhi CM

3 mins

IAF May Advise Govt to Buy Stealth Jet

Need for purchase is based on India's threat assessment in its neighbourhood

IAF May Advise Govt to Buy Stealth Jet

2 mins

Trump's Son Says US Military Should Focus on China

President Donald Trump's oldest son argued the US should be prepared to deal with any military challenge from China, yet remain open to talks with its rival.

1 min

DOGE says it has saved $55bn; data shows much less

The federal cost-cutting effort dubbed the Department of Government Efficiency says it has saved $55 billion in federal spending so far, but its website only accounts for $16.6 billion of that.

1 min

BP Weighs Sale of Castrol for $10bn

BP Plc, in which activist investor Elliott Investment Management has built up a nearly 5 per cent stake, is considering a potential sale of its lubricants business, according to people familiar with the matter.

BP Weighs Sale of Castrol for $10bn

1 min

Apple Reveals First Custom Modem Chip, Shifting Away From Qualcomm

Apple on Wednesday revealed its first custom-designed modem chip that will help connect iPhones to wireless data networks, a move that will make the company less reliant on chips from Qualcomm that also power its Android rivals.

Apple Reveals First Custom Modem Chip, Shifting Away From Qualcomm

1 min

Former OpenAI CTO Launches AI Startup

Former OpenAI chief technology officer (CTO) Mira Murati launched an AI startup called Thinking Machines Lab on Tuesday, with a team of about 30 leading researchers and engineers from competitors including OpenAI, Meta and Mistral.

Former OpenAI CTO Launches AI Startup

1 min

Musk's X to raise funds at $44 billion valuation

Elon Musk's X social media platform is in talks to raise money from investors at a $44 billion valuation, Bloomberg News reported on Wednesday, citing people familiar with the matter.

1 min

How to Counter Trump's Tariffs Productively

Beyond individual responses, countries must pursue collective action

How to Counter Trump's Tariffs Productively

3 mins

Flipping the Ukraine script

US-Russia talks threaten the European security architecture

2 mins

Retaining AI talent

India needs to invest more in research

2 mins

Numbers, not stories, must guide investment decisions

BOOK REVIEW

Numbers, not stories, must guide investment decisions

3 mins

Kumbh: In the lap of Triveni

The city of Kumbh, on the banks of Sangam, is likened to a divine mirage.

Kumbh: In the lap of Triveni

3 mins

Higher returns on co-op bank deposits come with greater risk

The Reserve Bank of India (RBI) recently imposed restrictions on Mumbai-headquartered New India Cooperative Bank, barring withdrawals from all accounts without prior approval.

2 mins

Defence stocks shoot up, bolster investor arsenal

Rally 15% intraday on FDI push and investment plans

Defence stocks shoot up, bolster investor arsenal

2 mins

Diagnostic kit makers asked to report adverse events

The Indian Pharmacopoeia Commission (IPC), which sets standards for all drugs that are made, sold and consumed in India, has come out with a draft format for reporting of adverse events due to in-vitro diagnostic (IVD) medical devices, such as pregnancy test kits and blood glucose test kits.

Diagnostic kit makers asked to report adverse events

1 min

Salary hikes in downtrend; 9.2% increase likely in '25

Aon survey: Global uncertainty, softening growth to impact increments; engineering design services, auto industry may offer best pay hikes

Salary hikes in downtrend; 9.2% increase likely in '25

2 mins

Read all stories from Business Standard

Business Standard Newspaper Description:

Publisher: Business Standard Private Ltd

Category: Newspaper

Language: English

Frequency: Daily

Business Standard is India's leading business daily.
A preferred choice of serious business readers, Business Standard is acknowledged as a quality leader.

Business Standard stands for reporting that stresses accuracy and credibility, commentary that is informed, independent and fair, and journalism that is rooted in ethical conduct and defined by a sacrosanct bond with the reader. All Business Standard journalists sign on to a code of conduct that is available on the website.

Business Standard's editorial team is led by Shyamal Majumdar.

The English newspaper is published from 12 centers - New Delhi, Mumbai, Kolkata, Bengaluru, Chennai, Ahmedabad, Hyderabad, Chandigarh, Lucknow, Pune, Kochi and Bhubaneswar. It is also printed from Bhopal.

The Hindi Business Standard is published from eight centres - New Delhi, Mumbai, Kolkata, Patna, Lucknow, Bhopal, Chandigarh and Raipur.

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